Ratul

The Yogi Who Codes

[Ratul @ratul12]

@Lfc_ola_ Ozil

[Sridhar Vembu @svembu]

What is ailing the software job market is not AI taking away jobs (not yet anyway).

Here is my thesis, as a participant and observer of software for 30 years. Over those 30 years:

1. Massive over-capacity steadily developed in enterprise software due to a flood of VC, PE and IPO money.

2. Software vendors applied liberal doses of marketing spending to spread Fear (of missing out) and Uncertainty ("tech is changing, you need us") and Doubt ("are you confused? trust us") among corporate customers and the result was ever growing IT spending. Enterprise IT budgets kept rising because which CIO or Board would want to be seen as lagging? Major corporations in the West have layers and layers of duplicated IT systems, lots of money spent to acquire them and even more money spent to get the disparate systems to work together. The more inefficient IT systems ended up becoming permanent resource drains, requiring vast human resources to simply keep them running.

3. Large enterprises in the West found those needed human resources in India - transferring those inefficiencies to IT services firms in India, often multiplied by 3 or even 4! That "multiplied inefficiency" happened because IT budgets were kept fixed in dollar terms and more people got hired in India to "get more done".

Result? A large number of IT jobs in India came to depend on those original inefficiencies and the multiplied inefficiencies.

4. Note how Indian banks and financial institutions are more IT savvy, while spending far less, than established financial majors in the US - Indian firms did not have the budgets to splurge! Necessity made them highly efficient and today India's financial institutions are able to fend off foreign competition easily.

5. One of the deep facts about software is that often a 2 person team can solidly outperform a 20 person team and a 10 person team can do the work of a 200 person team. This is not just due to talent disparity - even when the large teams have equivalent talented people, they can easily end up being wasted on unproductive projects.

6. When people are billed by the hour or by the staff month (input metrics), as it happens often in IT services, there is zero incentive to remove those inefficiencies, to empower the 2 person team as opposed to hiring 20.

It is those multiplied inefficiencies in IT, built up over decades, that is facing a reckoning now.

Now enter AI. A large amount of code is boilerplate code in many projects and AI can eat such code for breakfast. Depending on the nature of a project AI can offer 10-20% productivity gains. Significant but not the 10x or 100x leap yet to destroy jobs on a vast scale.

But those AI gains of today pale in comparison to the "multiplied inefficiencies" built up over decades.

This reckoning nearly happened in the aftermath of the Global Financial Crisis (GFC 2008-9). It got postponed because the central banks flooded the world with money and a part of that money flooded into enterprise IT.

The pandemic unleashed another flood of money into enterprise IT.

Those floods are now history and we have a serious drought.

That is why I am pessimistic about the software job market, even before accounting for AI.

[Ratul @ratul12]

@warikoo Road

[eye zen hour 🥶 @eyezenhour]

Look at these guys.

One works 16 hours a day. One works 4 hours a week.

2 billionaires. 1 mind-blowing lesson about success:

(I can't believe no one has connected the dots) 🧵

[Fernando Cao @thefernandocz]

This man can predict the future.

He was an early investor in Uber, Twitter, and Notion.

And he just said "In 50 years, everyone will be working for themselves."

Naval Ravikant's 5 predictions on the future of wealth creation (and why you should care):

[Historic Vids @historyinmemes]

Naval Ravikant: "Stay small until you've figured out what's working"

[Sooraj Nair @soorajnair_19]

Life motto:

[Ratul @ratul12]

@GurpreetGK Thank you for understanding! It was very evident that although we played well, we played clean and safe. We need to be more professional and aggressive until the final whistle. We back this team! This game experience will be useful and we'll surely win the next WC edition! 💪

[Ratul @ratul12]

@Kaus_Pandey17 Red card lekar baitha hai ab woh 🤣

[Ratul @ratul12]

@warikoo Sit-ball !

[Ratul @ratul12]

@TheMonaFactor Siuuu! ✅

[Ratul @ratul12]

@warikoo More important than the factor behind success, is to define what success looks like to an individual.

[Ratul @ratul12]

@soorajnair_19 What's life without some United drama? 😂

[Ratul @ratul12]

@Amritanjali16 The question shouldn't be of feeling settled, it should be of what needs to be done to have peace of mind.

[Ratul @ratul12]

BUT please include the support for -
1. The device to connect to Zepp / ZeppLife app
2. The Mi Fitness(Xiaomi wear) to connect to Google fit
3. Simplified data transfer between Mi Fitness and Zepp apps.

I've lost track of my progress and this lack of synchronisation is a pain!

[Ratul @ratul12]

@RedmiSupportIN @RedmiIndia @XiaomiIndia @Xiaomi @ZeppGlobal @MiIndiaSupport @Google @AmazfitGlobal @AmazfitIN
The team out here, FYI your product Redmi Spart Band Pro is the perfect fit between smart bands and smart watches in size and functionality on the device. (1/2)

[Ratul @ratul12]

@obrempong__ It's offside anyway.

Also, next time try saying something same about Ronaldo as well. He has passed to so many of the teammates who have missed such simple chances that he created for them.

[michelle huang @michellehuang42]

i trained an ai chatbot on my childhood journal entries - so that i could engage in real-time dialogue with my "inner child"

some reflections below:

[Ratul @ratul12]

@UtdActive @sportbible Looks like someone did the analysis and considered only number of goals allowed instead of number of shots saved.

[Ratul @ratul12]

@UtdActive @sportbible Haha! Spain's going out in the group stages!